Macri vows reforms to lower taxes and achieve fiscal balance

Argentina's President Mauricio Macri vowed to press ahead with reforms to the country's tax, labor and retirement systems in a speech on Monday, a week after his Let's Change coalition swept to victory at the polls in midterm elections. Read full article

Comments

“We need lower taxes, more public works, and all this we need to achieve with fiscal balance,”

You can't possibly do all 3 at once. My guess is like Cameron and Osbourne he'll cut taxes and (try and fail badly to) cut the deficit at the same time by slashing those public works. And that's just the normal dilemmas of running an economy, without factoring in the billions he's donated to the vulture funds...

Vultures? If someone said you could get 15% on lets say $ 5 billion in 3 years time, would you not take umbridge if they haggled about paying you, I know I would. They are not vultures, they are business men who want a return on their capital.If you had the money to lend you ALL would do the same. Hypocrites.

Golfcronie, the vulture funds bought those bonds at a huge discount from people who either believed Argentina would never pay or needed the money quickly. They did not get 15% but more like a 300% return on their capital, all from the Argentine taxpayers, and meanwhile the original investors mostly took a loss because they could not afford to fight on for years.

I would NOT invest in a vulture fund, and I think not many people would.